Authenticity Cost Approach Scope of Work 
International Society of Appraisers
MARCH 14, 2025
When determining fair market value, we use the sales comparison approach to analyze comparable sales data (i.e., On the other hand, when determining replacement value, we use the cost approach to analyze comparable cost data (i.e., Replacement value also takes into consideration relevant costs associated with replacement.
Fine Art Estates
JANUARY 7, 2022
An insurance appraisal seeks to provide an estimated cost of what a collector would require to make the collector whole again if their art is ever damaged or stolen. What is the difference between an appraisal and an authentication and how does the appraiser appraise an artwork when they do not know if the artwork is authentic or not?
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